Segilola Resources pushes for responsible mining as Nigeria courts investors

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Segilola Resources Operating Ltd., a unit of Toronto-listed Thor Explorations Ltd. and operator of Nigeria’s first commercial gold mine, used its presence at the 2025 Nigeria Mining Week to reinforce calls for responsible and transparent mining practices as the country races to attract new investment into its solid minerals sector.


The company, which runs the Segilola Gold Mine in Osun State, was a Gold Sponsor at the industry’s biggest annual gathering held in Abuja from Oct. 13 to 17. It also hosted its Second Annual Stakeholder Reception, bringing together more than 100 policymakers, financiers, and industry executives.


Among the dignitaries were Faruk Yusuf Yabo, permanent secretary, Federal Ministry of Solid Minerals Development; Innocent Bariko, director-general, National Environmental Standards and Regulations Enforcement Agency (NESREA); Simon Obadiah Nkom, DG, Mining Cadastre Office; and Olusegun Omoniyi Ige, DG, Nigerian Geological Survey Agency (NGSA). Senior representatives from Africa Finance Corporation, Bank of Industry (BOI), Babalakin & Co., ENR Advisory, and the VUKA Group were also present.

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